Mar, 31, 2022 — TANDEM FEDERAL CREDIT UNION is a federal credit union headquartered in WARREN, MI with 1 branch location and about $25.83 million in total assets. Opened 81 years ago in 1941, TANDEM FEDERAL CREDIT UNION has about 2,571 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TANDEM FEDERAL CREDIT UNION |
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Address: (Main Office) | 21043 Mound Rd WARREN, MI 48091-2903 |
Phone: | (586) 759-5050 |
Fax: | (586) 759-5053 |
Website: | http://www.tandemfcu.com |
Branches: | 1 branch locations |
Members: | 2,571 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4787 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1941 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $25,829,843 |
CEO/Manager: | Deirdre Taylor |
Chairperson: | Patricia Swann-Brown |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,550,948 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,834,501 |
Unsecured Loans | 1,547,667 |
Other Loans | 3,857,136 |
TOTAL LOANS | 7,239,304 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -57,537 |
Land And Building | 236,442 |
Other Fixed Assets | 117,927 |
NCUSIF Deposit | 201,581 |
All Other Assets | 0 |
TOTAL ASSETS | 25,829,843 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,088 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 120,300 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,723,271 |
Regular shares | 18,260,544 |
All Other Shares & Deposits | 1,382,132 |
TOTAL SHARES & DEPOSITS | 22,365,947 |
TOTAL LIABILITIES | 22,487,335 |
Regular Reserve | 0 |
Other Reserves | -780,730 |
Undivided Earnings | 4,123,238 |
TOTAL EQUITY | 3,342,508 |
TOTAL LIABILITIES, SHARES, & EQUITY | 25,829,843 |
INCOME & EXPENSE | |
Loan Income | 118,625 |
Investment Income | 57,071 |
Other Income | 59,421 |
Total Employee Compensation & Benefits | 84,892 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 169,289 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 361 |
Cost of Funds | 7,742 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -2,301 |
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